A rare harmonic setup on the monthly chart points to a breakout trajectory that could extend into high double-digit territory. However, recent trading behavior reflects hesitation and the need for volume-backed confirmation.<\/p>\n

Intraday Rebound Suggests Liquidity Reaction at Support<\/h2>\n

The 24-hour chart for Chainlink<\/a> between July 4 and July 5, 2025, illustrates a V-shaped pattern, highlighting a steep decline followed by an equally sharp recovery. The price opened at $13.67 but soon dropped to an intraday low of $13.05, amid low-volume trading.<\/p>\n

The decline was steady, with limited signs of bullish interest during the early part of the session. This downward move tested a local support zone, where buyers reentered the market aggressively.<\/p>\n

<\/p>\n

Source: BraveNewCoin<\/a><\/p>\n

Chainlink rebounded in the early hours of July 5, reaching back to its starting level of $13.67, completing a full recovery. The bounce occurred quickly, suggesting a liquidity-driven reaction rather than a broad trend shift.<\/p>\n

However, the accompanying daily volume stood at $321.81 million, below the previous session\u2019s $436 million, implying the recovery lacked strong conviction. Without further volume to reinforce this move, the rally may remain short-lived unless LINK can secure a decisive close above $13.70.<\/p>\n

Harmonic Pattern Hints at Multi-Year Upside Potential<\/h2>\n

A recent X post by a market analyst<\/a> spotlighted a developing bullish harmonic pattern on the monthly LINK\/USD chart<\/a>, which may signal a long-term breakout opportunity. The structure, resembling a Gartley or Bat variation, spans multiple years and includes distinct XA, AB, BC, and potential CD legs.<\/p>\n

Based on the analysis, the projected target reversal zone (PRZ) lies between $42.8 and $47.6, aligning with key Fibonacci levels\u2014specifically the 0.786 retracement of the XA leg and 1.618 extension of BC.<\/p>\n

<\/p>\n

Source: X<\/a><\/p>\n

The harmonic setup begins at point X near $53, drops to point A around $0.80, retraces to point B near $36.5, and then forms a pullback to point C near $10.2. The current movement represents the early stage of the CD leg. If this pattern completes, it would mark a significant reversal from multi-year lows.<\/p>\n

The same structure also mirrors a cup-and-handle pattern, formed between 2022 and 2024, reinforcing the bullish projection. Analyst Zip B<\/a> emphasized that such patterns unfold over extended timeframes and require sustained momentum, volume inflows, and broader market alignment to reach the PRZ.<\/p>\n

Daily Indicators Reflect Mixed Sentiment (as of July 5, 2025)<\/h2>\n

On the daily timeframe, LINK closed<\/a> at $13.22, marking a 3.29% drop on July 4, 2025. The chart shows a tight consolidation range, with multiple failed attempts to break past the $14 resistance zone. The latest candle features a long upper wick, reflecting selling pressure near $13.78. This price behavior indicates continued resistance and hesitation among participants to initiate bullish positions without stronger catalysts.<\/p>\n

<\/p>\n

Source: TradingView<\/a><\/p>\n

Technical indicators present a neutral-to-cautious outlook. The Chaikin Money Flow (CMF 20) is at 0.00, showing a balance between capital inflows and outflows. Meanwhile, the Bull and Bear Power (BBP 13) has turned slightly positive at +0.16, signaling mild buyer presence.<\/p>\n

Although both indicators suggest a reduction in bearish momentum, they remain far from levels that confirm a bullish breakout. Without increased participation or a clear move above near-term resistance, Chainlink’s price<\/a> is likely to remain range-bound in the short term, even as the long-term harmonic setup builds.<\/p>\n","protected":false},"excerpt":{"rendered":"

Chainlink (LINK) has posted a volatile 24-hour performance, staging a full intraday recovery after an earlier drop to monthly lows. The asset\u2019s price structure now draws interest from technical analysts, with long-term chart patterns suggesting a potential reversal.<\/p>\n","protected":false},"author":1302,"featured_media":49153,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-88850","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/posts\/88850","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/users\/1302"}],"replies":[{"embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/comments?post=88850"}],"version-history":[{"count":2,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/posts\/88850\/revisions"}],"predecessor-version":[{"id":88856,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/posts\/88850\/revisions\/88856"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/media\/49153"}],"wp:attachment":[{"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/media?parent=88850"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/categories?post=88850"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/tags?post=88850"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}